Job Description

We seek an experienced, detail-oriented, Cost Accountant to join our Finance Team at Electromechanical Research Laboratories (ERL).

As a Cost Accountant, you will collect, analyze and report on cost accounting data. This includes preparing standard cost reports, monitoring inventory levels, cost comparisons, product costing analysis, tracking variances, and making journal entries. You will also collaborate with other departments to ensure accurate budgeting and forecasting processes. 

If you have a strong finance background, an analytical mindset, and excellent problem-solving skills, we encourage you to apply and join our growing team. We’ll help you reach your career goals with a nurturing environment, industry-standard benefits, and abundant learning opportunities in the finance domain.
Objectives of this role

• Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company.
• Prepare budgeting reports by collecting information and data points from various departments within the organization.
• Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.
• Conduct regular audits, interpret rules related to accounting practices and ensure compliance with GAAP standards.

Your tasks

• Examine costs of production to determine the most efficient methods of production.
• Ensure accurate classification of expenses under Generally Accepted Accounting Principles (GAAP).
• Research material costs to ensure the accuracy of the information in the company’s accounting system.
• Research and update labor and manufacturing overhead absorption rates.
• Analyze manufacturing costs and prepare periodic reports comparing standard prices to actual production costs.
• Participate in physical inventory counts to ensure the accuracy of inventory records.
• Monitor the accumulation of all direct labor, overhead and other manufacturing-related expenses.

Required skills and qualifications

• A bachelor’s degree in accounting/business.
• 5+ years of experience as a cost accountant in a manufacturing environment.
• Proficiency in accounting software – specifically Netsuite – expert status for cost accounting in Netsuite preferred.
• Exceptional ability to think critically and make decisions based on data analysis.
• Excellent communication and presentation skills in discussing financial reports with company stakeholders.

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